Supplementary Information: Brilliantcrypto

Key insights

6 takeaways

01
COLOPL Group is launching Brilliantcrypto, a mining-themed Web3 game designed to create a sustainable Play-to-Earn economy that addresses existing gaps in metaverse income and consumption models.See it on page 5
02
The project utilizes a 'Proof of Gaming' mechanism, which requires active player effort to generate value, conceptually mirroring the Proof of Work validation process used in Bitcoin.See it on page 9
03
Revenue is generated through three primary channels: the initial exchange offering (IEO) of the native cryptocurrency, the sale of pickaxe NFTs, and secondary distribution fees from in-game gemstone marketplace transactions.See it on page 11
04
In-game assets, including gemstones and tokens, can be minted as NFTs for use in external metaverse environments or traded within the game’s internal marketplace.See it on page 4
05
The project roadmap began with a closed beta test in August 2023, with future phases focused on integrating lapidary workshops and expanding NFT utility across broader metaverse platforms.See it on page 13
06
This initiative serves as a strategic pivot for the COLOPL Group to utilize blockchain and AI technologies as traditional smartphone gaming markets reach maturity.See it on page 6

Summary

Brilliantcrypto represents a strategic initiative by the COLOPL Group to enter the Web3 and metaverse sectors by introducing a sustainable Play-to-Earn gaming model. The project centers on a mining-themed game where global users acquire pickaxe NFTs to search for digital gemstones and tokens. These assets can be minted as NFTs for use in external metaverses or traded within the game’s marketplace, aiming to establish a functional, self-sustaining economic ecosystem that addresses the current lack of income and consumption models in the broader metaverse industry.

The core innovation of the project is the Proof of Gaming mechanism, which draws inspiration from Bitcoin’s Proof of Work. By requiring players to engage in active gameplay to generate value, the model seeks to replicate the way hash calculations validate cryptocurrency, thereby grounding the value of in-game gemstones in the collective effort of the global player base. This approach is intended to foster long-term engagement and create a robust, decentralized economy that bridges the gap between gaming and digital asset ownership.

Revenue generation for the project is structured around three primary channels: the initial exchange offering (IEO) of the project’s native cryptocurrency, the sale of in-game pickaxe NFTs, and secondary distribution fees collected from gemstone transactions on the marketplace. The project roadmap outlines a phased rollout beginning with a closed beta test in August 2023, followed by an open beta and official release, with subsequent phases focusing on the integration of lapidary workshops and the expansion of NFT utility into broader metaverse environments. This initiative reflects the company’s broader strategy to leverage emerging technologies like AI and blockchain to secure future growth as traditional smartphone gaming markets reach maturity.